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Tariff Costs Put New Pressure on U.S. Corporate Profits

Rising tariff expenses are beginning to weigh heavily on U.S. companies, prompting executives across multiple industries to warn that profit margins may tighten in the months ahead. Many firms had initially suggested they could manage the added costs through efficiency improvements or selective price increases, but that confidence is fading as import-related expenses continue to climb. Companies that rely on global supply chains are feeling the strain most acutely. Higher costs on imported materials and components are forcing difficult decisions: pass the increases on to consumers, risking weaker demand, or absorb the costs internally, which directly erodes profitability. For many businesses, neither option is attractive. Consumer-facing brands are finding it especially challenging to raise prices further, as shoppers show growing sensitivity to even modest increases. This resistance limits the ability of firms to offset tariff-driven expenses, creating a squeeze that is beginning t...
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Your daily horoscope: August 3, 2024

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

Be more assertive in your dealings with partners, rivals and employers but don’t take it to extremes. There is a fine line between looking confident and acting like someone who expects the world to jump at your commands. Don’t overstep the mark.

ARIES (March 21 - April 20):

The new moon will stir your creative juices this weekend and get you moving on a project that can change your life for the better. Don’t keep your ideas to yourself though – invite friends, colleagues and loved ones to give you some feedback.

TAURUS (April 21 - May 21):

According to the planets you have been avoiding an emotional problem of some kind but now the approaching new moon will compel you to deal with it. If your chosen course of action upsets friends and family members that’s too bad – it needs to be done.

GEMINI (May 22 - June 21):

There are so many excellent cosmic influences working in your favour now that the idea of losing or failing won’t enter your head for even a moment. That’s good, because the most potent weapon in your arsenal is your huge self-belief.

CANCER (June 22 - July 23):

A financial incentive of some kind will tempt you to start a fresh endeavour even though several old ones have still not been finished. Knuckle down this weekend and complete those existing projects and only then turn your attention to something new.

LEO (July 24 - Aug. 23):

If you have a clear idea of what you want from life then the upcoming new moon can make it happen for you. There is a perfect alignment this weekend between your own self-belief and the universe’s belief that you have much more to offer.

VIRGO (Aug. 24 - Sept. 23):

You may think that a certain person can be trusted but do you have any real evidence for that or is it wishful thinking? Most likely it’s the latter, so be on your guard and listen to what your instincts are telling you – they alone won’t lie to you.

LIBRA (Sept. 24 - Oct. 23):

If some of the rules and regulations you are expected to follow seem outdated and illogical then ignore them. The powers that be may not be happy about your radical stance but what can they do? By all means make a few waves this weekend.

SCORPIO (Oct. 24 - Nov. 22):

If you believe you deserve more respect on the work front you must let colleagues and employers know that you are no longer going to accept being overlooked while lesser lights get promoted. The new moon invites you to kick up a fuss.

SAGITTARIUS (Nov. 23 - Dec. 21):

The approaching new moon will boost your sense of adventure and spur you to visit places you have never been to before. You are not the sort to sit back and watch the world go by outside your window, so get out there and join the parade.

CAPRICORN (Dec. 22 - Jan. 20):

Others can call in their investments if they wish but as someone who likes to play the long game you know this is not the time to cash in your winnings. Tomorrow’s new moon urges you to keep your nerve and boost your long-term profits.

AQUARIUS (Jan. 21 - Feb. 19):

It may be a good idea this weekend to go along with other people’s plans, even though you agree with no more than half of what they are doing. This is one of those occasions when it will profit you more to accept a supporting role.

PISCES (Feb. 20 - Mar. 20):

If you are finalizing a deal of some kind this weekend you must make sure it has lots of wiggle room in case you have second thoughts. If you allow yourself, and your money, to be tied down you may come to regret not having a get-out clause.

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